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STI drops 4.4% over the week, taking loss for 2016 to 8.7%

THE first week of 2016 saw the Straits Times Index (STI) lose 4.6 per cent while the second, which is the one that has just passed, saw it drop 121 points or 4.4 per cent. In all, 2016's loss to date has been about 252 points or 8.7 per cent - more, if US dollars are used.